15 October 2012 Last updated at 19:27

'Real aspiration' to redevelop Anfield, says Ian Ayre

Liverpool managing director Ian Ayre says there is a "real aspiration" to improve Anfield, as the club confirm plans to redevelop their existing home rather than building a new stadium in nearby Stanley Park.

The capacity is set to be extended from 45,276 to 60,000, while the project will cost around £150m, with Liverpool committing to building a hotel.

The BBC's Ben Smith believes this announcement will allow Liverpool to "make some progress" towards getting greater match-day revenue.